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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Cairo Customs seizes blank Libyan visas

CAIRO: Customs officers at Cairo airport have seized a batch of blank Libyan visa forms concealed inside a consignment of Chinese tea. The newspaper, Al-Ahram, did not say from where the 695 blank visas had been despatched. A sample is being examined to establish if they are genuine. The arrival of Egyptians in Libya with completely forged visas is common. ... Read More »

5kg heroin seized from PIA London-bound flight from Karachi

KARACHI: The Customs Drug Enforcement unit on Friday recovered five kilogrammes of heroin from PIA’s London-bound flight PK-787 from Karachi. The heroin was hidden in the toilet of the plane. In March, 2013 the Anti Narcotics Force (ANF) had arrested at least three people and seized 3kg heroin from their possession. The trio including a woman was arrested at the ... Read More »

Kazakh diplomat in Germany charged with cigarette smuggling

MOSCOW: Prosecutors in Kazakhstan have launched a criminal case against one of the nation’s most senior diplomats in Germany, whose arrest there on charges of cigarettes smuggling was branded by the foreign minister as a “shame” to his country. German’s Bild newspaper has reported that Kazakhstan’s Consul-General Akhat Alpysbayev and several other Kazakhstan diplomats were arrested by German police in ... Read More »

Ukrainian Customs intercepts illegal cargo

KIEV: The Ukraine’s government has taken steps to improve the border management, according to Ministry of Revenues and Duties of Ukraine, which reports that customs officers registered more than 10,000 cases of illegal movement of goods across the customs border of Ukraine, for a total of 266.44 million UAH from January through August 2013. Since the beginning of 2013, 4,400 ... Read More »

Flaws in WeBOC: IT professionals to help out Customs

ISLAMABAD: The FBR has decided to appoint a team of Information Technology (IT) experts in Karachi to help the Customs officials in operating the automated system, Web Based One Customs (WeBOC), for eradicating faults in the customs clearance process at ports. Sources said that the Customs authorities have recently informed the Federal Board of Revenue that a body comprising senior ... Read More »

FBR sees no increase in smuggling of foreign currencies

ISLAMABAD: Federal Board of Revenue (FBR) Customs Intelligence Department has reported no significant increase in smuggling of foreign currencies during the last few weeks. Sources said that it is almost impossible to smuggle foreign currencies in big quantity owing to concurrent checking and monitoring by the customs staff and other agencies at airports. The FBR intelligence unit takes action against ... Read More »

LCCI to play role for early revival of Pak-China FTA

LAHORE: The Lahore Chamber of Commerce & Industry will play its role for early revival of Pak-China Free Trade Agreement. The LCCI president Engineer Sohail Lashari, Senior Vice President Mian Tariq Misbah and Vice President Kashif Anwar were talking to a delegation of All Pakistan Paper Merchants Association (APPMA) at the LCCI on Monday. The 19-member APPMA delegation led by ... Read More »

Heavy foreign investment in Pakistan soon: Dar

WASHINGTON: Finance Minister Ishaq Dar has said that Pakistan is going to witness vigorous increase in foreign investment following a series of economic reforms and measures that have boosted confidence of international institutions and entrepreneurs. Senator Dar, whose hectic schedule at the annual IMF-World Bank gatherings includes around 50 meetings with experts, business leaders, bankers and chiefs of international financial ... Read More »

FBR extends tax filing date till Oct 23

ISLAMABAD: Federal Board of Revenue (FBR) has extended the date of payment of Sales Tax & FED and filing of Sales Tax/Federal Excise returns up to October 23. According to a notification issued on Monday, the FBR extended the date using powers conferred under section 74 of the Sales Tax Act, 1990 and section 43 of the Federal Excise Act, ... Read More »

Over 1kg heroin seized at Karachi airport

KARACHI: Pakistan Customs has seized over a kilo of heroin and arrested a man at Karachi airport. “The Drug Enforcement Cell of the Customs at Jinnah Terminal seized 1.125 kilograms of heroin powder from the possession of a passenger, Ghulam Hussain,” said a Customs. He said, “The suspect was leaving for Riyadh via Bahrain Flight No GF-751. The heroin was ... Read More »

Kamil Museum tells the story of Customs from 1878 to date

KARACHI: One of the treasures of Pakistan Customs lies hidden in the Directorate of Training and Research Building. It is known as ‘The Kamil Museum of Customs’. It is an embodiment of the process of evolution of customs in Pakistan, and a testament to its vital role in the national economy. The museum has been named after Mr Kamil Hassan, ... Read More »

No check on cattle smuggling to Afghanistan

PESHAWAR: Smuggling of cattle to Afghanistan via different channels of Khyber Agency could not stop despite tall claims of the provincial government and prices of live stock are going up with the passage of time due to mismanagement. Peshawar High Court Chief Justice Dost Muhammad Khosa had imposed ban on the smuggling of cattle to Afghanistan on September 26, 2013 ... Read More »

Oman Customs foils smuggling bids

MUSCAT: The Directorate-General of Customs at the Royal Oman Police recently foiled attempts to smuggle oil derivatives, fake cigarettes and fireworks across border outlets. An official source at the ROP said that the Directorate-General of Customs imposes tight control on all official outlets to foil any attempt to smuggle banned substances and will prosecute anybody engaged in smuggling and take ... Read More »

Hong Kong Customs seizes 3.3 million sticks of illicit cigarettes

HONG KONG: Hong Kong Customs mounted a one-week special operation to combat cross-border smuggling of illicit cigarettes and distribution of cigarettes throughout the territory. In the operation, a cross-boundary vehicle used for conveying illicit cigarettes was seized and six illicit cigarette storage points were smashed. About 3.3 million sticks of illicit cigarettes were seized. The total market value was about ... Read More »

Nigerian Customs destroys $0.24m worth of frozen turkey

OYO: The Oyo/Osun Area Command of the Nigerian Customs Service (NCS) at the weekend destroyed 5,390 cartons of frozen turkey in Ibadan, the Oyo State capital. The poultry product, which was seized along the old Eruwa Road in Ilugun area of the state, was destroyed and buried at a dump site in an outskirt of the city. Deputy Comptroller (Administration) ... Read More »

PIAF wants probe into rupee depreciation

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has demanded a high-level probe into devaluation of rupee. PIAF Chairman Malik Tahir Javaid in a statement said the business community appreciated the SBP Governor’s timely intervention that helped stop rise in the prices of greenback but at the same time demanded the State Bank to identify the reasons and share the ... Read More »

Motiwala resigns as SBI chairman

KARACHI: Sindh Board of Investment (SBI) Chairman Zubair Motiwala has resigned from his post. Motiwala, after submitting his resignation to Sindh chief minister, said that he had resigned on personal grounds and had no differences with the chief minister, ministers or any government official. He said that he had served as chairman SBI for more than five years and now ... Read More »

Trade deficit narrowed by 5.15pc

LAHORE:  Pakistan’s trade deficit narrowed by 5.15 per cent during the first three months of the current fiscal year as exports expanded by 9.23 per cent while imports witnessed increase of only 2.99 per cent as compared to the same period of last year. On year-on-year basis, the trade deficit decreased by 10.49 per cent in September 2013 when compared ... Read More »

Korea Customs uncovers $934m worth of illegal offshore transactions

SEOUL: The Korea Customs Service (KCS) has uncovered illegal currency transactions worth of more than 1 trillion won ($933.7 million) transacted through offshore tax havens. In June, the KSC launched an investigation into the outflow of money owing to illegal foreign currency transactions, which was carried in line with the government’s strengthened measures against offshore tax evasion and underground economic ... Read More »

Customs seizes €93k of cigarettes, cash in Ireland

CORK: Customs officers have seized €38,000 ($126,042) worth of cigarettes and tobacco and €55,000 in cash in two separate operations in Cork. The seizure represents a potential loss to the exchequer of more than €31,000. Around 60,000 unstamped cigarettes and a car were seized in the Watergrasshill area of the county. In a follow-up search in East Cork, one of ... Read More »